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Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s):  VRN

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta... see more

TSX:VRN - Post Discussion

Veren Inc > Oil fire sale....
View:
Post by smallcaptdr on May 02, 2023 2:28pm

Oil fire sale....

Here we go again but a simple look at the chart that is littered with peaks and bottoms tells Oils future so maybe now when Oil does find the true fire sale bottom giveaway price it'll be then that the next bullish drive higher will start heading into the summer so before you sell look at the chart this is just another cycle for Oil. Don't kill the cash cow because milk is on sale for a week.

Crude oil - 2023 Data - 1983-2022 Historical - 2024 Forecast - Price - Quote - Chart (tradingeconomics.com)
Comment by Anschutz on May 02, 2023 3:03pm
Agree it's a volatile stock. Just be careful we're not being setup for a repeat of summer 2018.  While many will argue we're in a different market then vs now, it was devastating for many as the share price melted throughout summer driving season.  If my memory serves correct, by the time fall rolled in, CPG had dropped from teens to $5. The one lesson I've learned and ...more  
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